{"id":"https://openalex.org/W2391489554","doi":null,"title":"Financing Constraints,Agent Cost and Information Content of Cash Dividend Policy","display_name":"Financing Constraints,Agent Cost and Information Content of Cash Dividend Policy","publication_year":2013,"publication_date":"2013-01-01","ids":{"openalex":"https://openalex.org/W2391489554","mag":"2391489554"},"language":"en","primary_location":{"id":"mag:2391489554","doi":null,"is_oa":false,"landing_page_url":"http://en.cnki.com.cn/Article_en/CJFDTOTAL-XUXI201312030.htm","pdf_url":null,"source":{"id":"https://openalex.org/S2764772869","display_name":"Ruan kexue","issn_l":"1001-8409","issn":["1001-8409"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific"],"host_organization":"https://openalex.org/P4323862651","host_organization_name":"OAE Publishing","host_organization_lineage":["https://openalex.org/P4323862651"],"host_organization_lineage_names":["OAE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Ruan kexue","raw_type":null},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5027526229","display_name":"Zhong Yon","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I31595395","display_name":"Chengdu University of Technology","ror":"https://ror.org/05pejbw21","country_code":"CN","type":"education","lineage":["https://openalex.org/I31595395"]}],"countries":["CN"],"is_corresponding":true,"raw_author_name":"Zhong Yon","raw_affiliation_strings":["School of Business Chengdu University of Technology"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business Chengdu University of Technology","institution_ids":["https://openalex.org/I31595395"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5027526229"],"corresponding_institution_ids":["https://openalex.org/I31595395"],"apc_list":null,"apc_paid":null,"fwci":1.2934,"has_fulltext":false,"cited_by_count":2,"citation_normalized_percentile":{"value":0.90271393,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":94},"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9984999895095825,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/cash-dividend-policy","display_name":"cash dividend policy","score":0.9440000057220459},{"id":"https://openalex.org/keywords/financial-constraints","display_name":"financial constraints","score":0.7879999876022339},{"id":"https://openalex.org/keywords/agency-costs","display_name":"agency costs","score":0.9959999918937683},{"id":"https://openalex.org/keywords/stock-price-reaction","display_name":"stock price reaction","score":0.7099999785423279},{"id":"https://openalex.org/keywords/information-content-of-dividends","display_name":"information content of dividends","score":0.8270000219345093},{"id":"https://openalex.org/keywords/chinese-stock-market","display_name":"Chinese stock market","score":0.7369999885559082}],"concepts":[{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.8595856428146362},{"id":"https://openalex.org/C36673458","wikidata":"https://www.wikidata.org/wiki/Q392896","display_name":"Agency cost","level":4,"score":0.8219360709190369},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.6760572195053101},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.6351079344749451},{"id":"https://openalex.org/C2776036281","wikidata":"https://www.wikidata.org/wiki/Q48769818","display_name":"Constraint (computer-aided design)","level":2,"score":0.6185968518257141},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6001613140106201},{"id":"https://openalex.org/C108170787","wikidata":"https://www.wikidata.org/wiki/Q3951828","display_name":"Agency (philosophy)","level":2,"score":0.5344682335853577},{"id":"https://openalex.org/C2778083465","wikidata":"https://www.wikidata.org/wiki/Q693464","display_name":"Cash","level":2,"score":0.5329694747924805},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5289989113807678},{"id":"https://openalex.org/C200707436","wikidata":"https://www.wikidata.org/wiki/Q1053211","display_name":"Principal\u2013agent problem","level":3,"score":0.4871046543121338},{"id":"https://openalex.org/C2778776786","wikidata":"https://www.wikidata.org/wiki/Q1455109","display_name":"External financing","level":3,"score":0.4633387327194214},{"id":"https://openalex.org/C76087492","wikidata":"https://www.wikidata.org/wiki/Q1047352","display_name":"Cash management","level":3,"score":0.41458263993263245},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.3814409673213959},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.09357601404190063},{"id":"https://openalex.org/C39389867","wikidata":"https://www.wikidata.org/wiki/Q380767","display_name":"Corporate governance","level":2,"score":0.09124162793159485},{"id":"https://openalex.org/C120757647","wikidata":"https://www.wikidata.org/wiki/Q381136","display_name":"Shareholder","level":3,"score":0.057302236557006836},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C78519656","wikidata":"https://www.wikidata.org/wiki/Q101333","display_name":"Mechanical engineering","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C127413603","wikidata":"https://www.wikidata.org/wiki/Q11023","display_name":"Engineering","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:2391489554","doi":null,"is_oa":false,"landing_page_url":"http://en.cnki.com.cn/Article_en/CJFDTOTAL-XUXI201312030.htm","pdf_url":null,"source":{"id":"https://openalex.org/S2764772869","display_name":"Ruan kexue","issn_l":"1001-8409","issn":["1001-8409"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["anvur-scientific"],"host_organization":"https://openalex.org/P4323862651","host_organization_name":"OAE Publishing","host_organization_lineage":["https://openalex.org/P4323862651"],"host_organization_lineage_names":["OAE Publishing"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Ruan kexue","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W2094968723","https://openalex.org/W2978259897","https://openalex.org/W2353038007","https://openalex.org/W2367163168","https://openalex.org/W4412814111","https://openalex.org/W2390146540","https://openalex.org/W2360945679","https://openalex.org/W1666545783","https://openalex.org/W2356764566","https://openalex.org/W2384705161"],"abstract_inverted_index":{"This":[0],"paper,based":[1],"on":[2,68],"the":[3,11,29,49,63,69,75,92,97],"cash":[4,15,44,64],"dividend":[5,16,45,65],"announcement":[6,12,41,87],"of":[7,14,43,62],"China":[8],"securities":[9],"market,investigates":[10],"effect":[13,42,88],"policy":[17,66],"under":[18],"agency":[19,38,58,80,98],"costs":[20],"and":[21,36,56,82,100],"financing":[22,34,54,83,101],"constraints.":[23,102],"The":[24,60],"result":[25],"shows":[26],"that,compared":[27],"to":[28],"firms":[30,50,76,93],"which":[31],"facing":[32,52,77,94],"more":[33],"constraint":[35,55],"lower":[37,96],"costs,the":[39],"negative":[40,86],"is":[46,72,89],"smaller":[47],"when":[48,74,91],"that":[51],"less":[53],"higher":[57],"cost.":[59],"impact":[61],"announcements":[67],"share":[70],"prices":[71],"smallest":[73],"both":[78,95],"high":[79],"cost":[81,99],"constraints":[84],"impact,the":[85],"strongest":[90]},"counts_by_year":[{"year":2018,"cited_by_count":1},{"year":2015,"cited_by_count":1}],"updated_date":"2025-10-10T17:16:08.811792","created_date":"2016-06-24T00:00:00"}